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Gripping Gaap PDF Download Form

Gripping Gaap PDF Download Form

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hi welcome back to conch CPA I am Juliet in this video we're going to talk about and Define Gap if you're watching this video I assume you have heard of gap before and are curious to know what it means when people mention Gap in accounting or in financial reporting so let's go Gap stands for generally accepted accounting principles and that's exactly what it is a set of accounting standards that businesses use to prepare and present their financial statements these principles have been developed by experts in the accounting industry and have been tested and refined over time the Financial Accounting Standards Board known as fbe is responsible for setting these rules and standards all publicly traded companies in the United States are required to follow the Gap when preparing their financial statements if you are an accountant or an accounting student understanding Gap helps you learn the wonderful world of accounting rules and understand the concepts beh

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